Essay heading: 360 socket

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April 28, 1997






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Also, for the producer of this product, their market share would be ridiculously large. This is because they have modified so to say a ‘necessity’ hence the market for this product is innumerable. This is because every home, building, office etc needs a power outlet to power the numerous appliances that make that establishment run effectively...
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Also the modification made is very cost effective enabling the producer to break even after sale of just a few hundred outlets. I think the greatest improvement is made in efficiency and productivity. This also relates to past class discussions by the entrepreneur being able to innovate and in essence make a whole new product by being able to identify the problem by modifying without changing the products original requirements, appearance, voltage capacity…nothing! We all have numerous stories as to how we found it also most impossible to plug appliance that required higher voltages than normal on the same socket outlet...
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